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Monty Pritchett
About | Practice Areas
Pritchett Law Group
126 West Needles Avenue Bixby, OK 74008» view map
Estate Law
A Focus On Results

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918-509-3891
1. Monty Pritchett Bixby, OK
  Attorney at Law, OK
  University of Oklahoma College of Law, J.D.
2. AboutPritchett Law Group
  A Focus On Results
3. Practice AreasExpertise
  Estate Law
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Bonnie Schomp

Commercial Real Estate, Lawsuit & Dispute, Oil & Gas, Wills

Status: In Good Standing

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11973 Highway 3E, Earlsboro, OK 74840

Dan A. Erwin

Civil Rights, Estate Planning, Electronic Commerce

Status: In Good Standing

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118 West Eighth Street, Chandler, OK 74834

Donald West Mcfarland

Real Estate, Accident & Injury, Estate

Status: In Good Standing

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307 W Broadway, Okemah, OK 74859

Douglas Wayne Merritt

Divorce & Family Law, Criminal, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing

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Depew, OK 74028

Ed Cadenhead

Title Insurance, Real Estate, Federal Appellate Practice, Estate

Status: In Good Standing

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223 E. Evans, Seminole, OK 74818

Gregory A. Upton

Trusts, Adoption, Criminal, Contract

Status: In Good Standing

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116 W 8Th St, Chandler, OK 74834

Jerry Lynn Colclazier

Accident & Injury, Criminal, Divorce & Family Law, Civil Rights, Estate

Status: In Good Standing

FREE CONSULTATION

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404 N Main St, Seminole, OK 74868

Joseph Alan Dobry

Estate, Divorce, Criminal, Bankruptcy & Debt

Status: In Good Standing

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Chandler, OK 74834

Marmaduke Ligon

Real Estate, Estate, Divorce & Family Law, Medical Malpractice

Status: In Good Standing Licensed: 52 Years

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Wewoka, OK 74884

800-923-0641

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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Paden Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Bonnie Schomp

Dan A. Erwin

Donald West Mcfarland

Douglas Wayne Merritt

Ed Cadenhead

Gregory A. Upton

Jerry Lynn Colclazier

Joseph Alan Dobry

Marmaduke Ligon

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LEGAL TERMS

RESIDUARY BENEFICIARY

TRUSTEE

LAPSE

INCOMPETENCE

PRETERMITTED HEIR

POWER OF APPOINTMENT

ENTITY

WILL

TAKING AGAINST THE WILL

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